Topic: What made 'Bitcoin' the Bitcoin it is today? - page 3. (Read 2406 times)
Bitcoin is bitcoin today because of the support of the people in this community and also the people who doesn't gave up in using bitcoin and still using it even there is a huge market failure and even most of their friends or relatives told him to not trust bitcoin. Those people who promoted bitcoin and also believe in bitcoin bring bitcoin on what is it to day and nothing can beat the love of the people to something.
There is number of reason like it is the first crypto currency widely accepted and most of the people completely relating crypto currency to bitcoin. But for me the main reason is converting fiat to cryptocurrency in my country there is no way to buy other cryptocurrency directly without buying bitcoin atleast ether also I can't buy.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
I think because of the people. It's because of the people who truly supports bitcoin. Maybe they start from bitcoin and they want to continue in bitcoin.
It was made by unconventional hardships and imagitivity like crazy and all the steps and process to make this masterpeice by the time goes by many investors have been interested and charmed by its uniqeness
Bitcoin tends to make people crazy and not just Bitcoin fanboys, venture capitalists and Libertarians
I would credit the dark web for partially contributing to the rise of bitcoin. It was a hugely utilized decentralized currency then, evident by the fall in BTC price when silkroad got busted. Thankfully after that it went into mainstream and due to the momentum it already had with a strong community behind it, the rest was history. The community really made it into what it is today.
Bitcoin started with wanted features: It is anonymous, you can transfer money across boarders with it, it goes (went) fast.
In the beginning of bitcoin those were reasons why people bought it.
And like everything else that has a certain demand, bitcoin got more expensive.
That brought the altcons on the plan. They are way more important than most people think.
Through the option of trading more and more money went into the crypto world. And in bitcoin as well.
The more money could be made the bigger the popularity was.
Until the reasons to buy bitcoins changed from what they were in the beginning to pure investment.
Right now bitcoin is two things I think: an investment and the glue that keeps the altcoin and trading system together.
In the beginning of bitcoin those were reasons why people bought it.
And like everything else that has a certain demand, bitcoin got more expensive.
That brought the altcons on the plan. They are way more important than most people think.
Through the option of trading more and more money went into the crypto world. And in bitcoin as well.
The more money could be made the bigger the popularity was.
Until the reasons to buy bitcoins changed from what they were in the beginning to pure investment.
Right now bitcoin is two things I think: an investment and the glue that keeps the altcoin and trading system together.
Hi,
The earnings of currency makes my mind `Bitcoin' is for today. It's a great earning site for every body who know it will. i didn't know about it before but my friends know about it and they inspire me about it. When i came here i seen that actually it has a great opportunity to earn beside a job. It has a large market to work. if i have a good knowledge about it i can earn money and nobody deprive me from it. It's a peer to peer market and nobody can't control the market, it is the greatest opportunity to work. so i suggest every come,see and work.
Thanks.
The earnings of currency makes my mind `Bitcoin' is for today. It's a great earning site for every body who know it will. i didn't know about it before but my friends know about it and they inspire me about it. When i came here i seen that actually it has a great opportunity to earn beside a job. It has a large market to work. if i have a good knowledge about it i can earn money and nobody deprive me from it. It's a peer to peer market and nobody can't control the market, it is the greatest opportunity to work. so i suggest every come,see and work.
Thanks.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
I guess it is you and I and the rest of us who love and support bitcoin forming a big community of bitcoin patriots. 
Bitcoin is bitcoin today due to the awesome support of us the community. Bitcoin won't reach its status today if we don't give our 100 % support and belief. As we all know bitcoin might be the future of finance, and be of a good investment in the near future. All we need to do is share it more so that the support will continue. But as we can observe payment is getting high, so if we wanted to prosper more in this business we need to lower the fees.
Bitcoin is bitcoin today due to the awesome support of us the community. Bitcoin won't reach its status today if we don't give our 100 support and belief. As we all know bitcoin might be the future of finance, and be of a good investment in the near future. All we need to do is share it more so that the support will continue. But as we can observe payment is getting high, so if we wanted to prosper more in this business we need to lower the fees.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Bitcoins is new revolution in digital currency combined with technology in internet, it is new idea never think before by the Banks and the government. Bitcoins is more transparant, decentralized than fiat currency because of this new idea many people adopt, support and finally many people be trusted in bitcoins and invested in bitcoins, until today bitcoins becomed succesfull in digital currency.Anonymous transfer of money.
Mostly for illegal transactions.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Bitcoins is new revolution in digital currency combined with technology in internet, it is new idea never think before by the Banks and the government. Bitcoins is more transparant, decentralized than fiat currency because of this new idea many people adopt, support and finally many people be trusted in bitcoins and invested in bitcoins, until today bitcoins becomed succesfull in digital currency. What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Yes, its because of the support of the community. Bitcoin helps many people so everyone embraced it and support so that it become successful and also to share it with others. Everything can be successful because of the supporters and nothing can be successful without the people working behind it. There are reasons such as :
1. Bitcoin have biggest community and some of them are loyal.
2. Bitcoin is the first decentralized currency, few people tried this in past, but ended failure or stopped by government.
3. Bitcoin development involved lots of experienced/many developers while other altcoin simply clone/modify bitcoin/altcoin source codes.
4. Bitcoin is actively developed even though in few years it's stuck due to different ideas to upgrade bitcoin a.k.a drama.
5. Many merchants accept bitcoin if you compare it with merchants who accept altcoin.
There are so many reasons about this why bitcoin become bitcoin as of today. Bitcoin as of now have the biggest numbers of users, as you can see there billions of users are using bitcoin as a tool of earnings. Bitcoin was actively developes as of now and they tried to make this good. 1. Bitcoin have biggest community and some of them are loyal.
2. Bitcoin is the first decentralized currency, few people tried this in past, but ended failure or stopped by government.
3. Bitcoin development involved lots of experienced/many developers while other altcoin simply clone/modify bitcoin/altcoin source codes.
4. Bitcoin is actively developed even though in few years it's stuck due to different ideas to upgrade bitcoin a.k.a drama.
5. Many merchants accept bitcoin if you compare it with merchants who accept altcoin.
Well it was the first cryptocurrency, which grabbed many people's attention, and is why it is so successful
Bitcoin become successful today because of the users and supporters who uses bitcoin. With its continues support that until today bitcoin is still existing. Yes I agree it grab by many because of its value and benefits offer to the users. 
Bitcoin is very successful today but it has faced lot of ups and down during its journey over the years. People liked the idea of decentralized currency and its innovative features. More and more people have started to trust and invest into the bitcoins; as the bitcoins are gaining trust and popularity, its price is increasing by each passing day.
Being decentralized doesn't always will bring good result as while we are getting big advantages and benefits by using bitcoin, it can also bring good advantages and benefits for illegal and shady transaction.
For bitcoin to be fully accepted they must be recognized by the government. No way we can stay decentralized for long time.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Comparatively, ethereum could be considered more successful in several aspects as well as in the price achieved in a much shorter time than bitcoin, so we can not say that no altcoin has been able to break the hegemony of bitcoin, and this should also be considered as an advance of the many developments in technological matters that are to come, and that certainly could see the bitcoin definitively fall from the leadership that until now has maintained.
What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
Yes . It is indeed of its community. Bitcoin remained the no.1 cryptocurrency for a long period of time becuase of its large community that highly affects its market demand. The support from the community makes its market value increase compared to altcoins. And now that more people are engaging into Bitcoin, surely it will be more successful. 
Well it was the first cryptocurrency, which grabbed many people's attention, and is why it is so successful
Yes that's true! more people and big companies are own huge value of bitcoin and other want to have bitcoin too that's why it's has huge market value now
Jump to: